Real Estate Development Firms Use Energy Savings on Strategic Needs

The Wiseman Company, a real estate development firm, can attest to that belief. The company recently contracted with Sunworks to install a 370-kilowatt solar system on the company’s construction site in Fairfield, California.

The solar installation is scheduled for completion in 2017 and is expected to produce nearly 96% of the property’s electricity needs within its first year of operation.

In June, Shorenstein Properties announced it had reduced its energy use by 20% in 2016, saving the company around $6.5 million in energy expenses while improving tenant satisfaction. Also in June, a California condominium association announced it has seen an 80% reduction in energy costs just one month after installing LED lighting.